Calif. Lawmakers Pass Bills To Stabilize Utilities After Wildfires, But Critics Call Law ‘A Reward For Monstrous Behavior’

The legislation is complicated and was quickly shepherded through the Legislature with fears of the utility companies going bankrupt if something wasn't done. The bill will provide investor-owned utilities with at least $21 billion to pay for damage from blazes linked to their equipment beginning this summer. Utility customers will be required to pay $10.5 billion to the so-called wildfire fund. Meanwhile, new data show the town of Paradise has lost over 90% of its population since a wildfire killed 85 people last year.

from Kaiser Health News https://ift.tt/2YRW2wK